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(FOR SALE) INCOME PRODUCING 701 Vine St 150,000 SF Industrial Building Lima, OH 45804 $1,900,000 ($12.67/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased
- 8% Cap Rate
- Income Producing
- Large Fenced Lot
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity - the INVESTMENT INDUSTRIAL BUILDING located at 701 W. VINE STREET, LIMA, OH 45804.
This income-producing property boasts 150,000 SF of space with a spacious warehouse featuring clear heights of 12' - 20' and 4 docks. Additionally, it includes a large fenced lot, ample parking with 100 spaces, and a tenant in place since 2006. With a sale price of $1,900,000 and a solid 8% Cap Rate, this fully leased building offers a fantastic investment opportunity with below-market rents - offering potential for increased returns.
The property is zoned Second Industrial Heavy, featuring a second-floor space of 30,000 SF, 700 SF of office space, and a 5.16-acre land parcel.
Don't miss out on this outstanding industrial/warehouse facility with steady income generation - perfect for investors seeking a lucrative opportunity in the thriving industrial sector.
Contact us for more information before this prime property is snapped up!
Tim Echemann, Principal Broker at (937) 492-4423 or techemann@ipbindustrial.com, or
Conrad Echemann, Sales Associate at (937) 492-4423 or conrad@ipbindustrial.com
This income-producing property boasts 150,000 SF of space with a spacious warehouse featuring clear heights of 12' - 20' and 4 docks. Additionally, it includes a large fenced lot, ample parking with 100 spaces, and a tenant in place since 2006. With a sale price of $1,900,000 and a solid 8% Cap Rate, this fully leased building offers a fantastic investment opportunity with below-market rents - offering potential for increased returns.
The property is zoned Second Industrial Heavy, featuring a second-floor space of 30,000 SF, 700 SF of office space, and a 5.16-acre land parcel.
Don't miss out on this outstanding industrial/warehouse facility with steady income generation - perfect for investors seeking a lucrative opportunity in the thriving industrial sector.
Contact us for more information before this prime property is snapped up!
Tim Echemann, Principal Broker at (937) 492-4423 or techemann@ipbindustrial.com, or
Conrad Echemann, Sales Associate at (937) 492-4423 or conrad@ipbindustrial.com
PROPERTY FACTS
| Price | $1,900,000 | No. Stories | 2 |
| Price Per SF | $12.67 | Year Built | 1940 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 8% | Clear Ceiling Height | 20’ |
| Property Type | Industrial | No. Dock-High Doors/Loading | 4 |
| Lot Size | 5.16 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 150,000 SF |
| Price | $1,900,000 |
| Price Per SF | $12.67 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Lot Size | 5.16 AC |
| Rentable Building Area | 150,000 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Tenancy | Single |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 2 |
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 46-01-08-04-001.000 | Improvements Assessment | $115,920 |
| Land Assessment | $39,730 | Total Assessment | $155,650 |
PROPERTY TAXES
Parcel Number
46-01-08-04-001.000
Land Assessment
$39,730
Improvements Assessment
$115,920
Total Assessment
$155,650
ZONING
| Zoning Code | Second Industrial Heavy |
| Second Industrial Heavy |
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(FOR SALE) INCOME PRODUCING | 701 Vine St
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